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That you can, does not mean you should. And who pays for your failures?
by jasonwatkinspdx 14y ago
That you can, does not mean you should.
And who pays for your failures?
- chii 14y agoFor a corporation, the psycopathic behaviour is that if it makes a profit and is not illegal (yet), then do it. The real problem is that large financial institutions have somehow ingrained themselves in society in such a way that they bring us all down when they fail, and so society would _have_ to bail them out. It is an ingenious stragegy - by aligning failure with the downfall of many others, these large financial institutions gets the protection they don't deserve. I wish it was me who was reaping the benefits, but unfortunately, being a "commoner", that aint so.
- jasonwatkinspdx 14y agoIt's interesting how many other areas of the economy have pulled off the same hat trick, but largely go unnoticed. Regulatory capture is a good marker because it's as conspicuous as it is essencial.